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  1. Market Data
December 14, 2021

Contract activities in downstream segment in Europe down 46% in November 2021

By Carmen

The downstream segment contracts in Europe registered a decrease of 46% with seven contracts in November 2021, when compared with the previous month’s total of 13 contracts, according to GlobalData’s oil and gas contracts database.

A total of seven contracts were registered in the downstream segment of Europe during the month, when compared with the last 12-month moving average of 14 contracts.


In terms of the number of contracts in Europe, the upstream segment contributed the most with 122 contracts in November 2021, followed by midstream and downstream segments with 14 and seven contracts, respectively.


Contract award activity in Europe’s downstream segment during November 2021

In November 2021, Russia led the activity with three contracts and a 43% share of the downstream oil and gas contracts in Europe. It saw a flat growth over the previous month’s total of three contracts and a flat growth when compared with the last 12 month-average of three contracts in Russia, followed by Germany and Lithuania with one contract 14% share each.

Based on 12-month moving average of the contracts in the downstream segment of Europe, Russia took the top spot with three contracts, followed by the UK and France with two and one contract, respectively.

Contracts by scope of work in Europe’s downstream segment during November 2021

During the month, the majority of downstream segment contracts awarded in the Europe were in the design & engineering and procurement with three contracts each, followed by operations & maintenance with one contract.

Methodology

All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.

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